Knee Replacement Market Projected to Gain Significant Value through 2032

The knee replacement market is expected to grow at a 6% CAGR over the projected period, rising from US$ 8.27 billion in 2021 to US$ 15.7 billion by 2032.

The knee replacement market is expected to grow rapidly over the estimated period, owing to a variety of factors such as rising demand for knee implants, government investment in healthcare and medical equipment, and the existence of established manufacturers.

The growing geriatric population, together with the increasing frequency of degenerative diseases, is expected to contribute to the knee replacement market share.

Increasing understanding of the benefits of knee replacement surgery has resulted in a rise in the number of adult populations getting early knee replacement procedures. Increasing demand for knee replacement and the use of 3D technology are expected to produce significant revenue growth in the knee replacement market.

Some of the major knee replacement market trends supporting knee replacement demand include: The development of personalised replacement implants, together with technologically enhanced implant materials, is expected to acquire substantial traction in the knee replacement market.

Because of factors such as increased demand for knee implants, government spending on healthcare and medical equipment, and the presence of established manufacturers, the knee replacement market in the United States is predicted to develop at a 4.5% CAGR through 2032.

Knee arthroplasty surgery is common in the elderly in the United States. Yet, they have gained in popularity among middle-aged people as a result of the availability of high-quality surgical instruments and painless treatments.

Key players in the knee replacement market:

Stryker Corporation, Zimmer Holdings, Smith & Nephew Plc, DePuy Companies, Inc, Wright Medical Group, Inc, Biomet, Inc., Exactech. and B. Braun Melsungen AG

Read More@ https://www.futuremarketinsights.com/reports/knee-replacement-market

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